All your analysis posts have been very thought provoking and make sense. We will see if you are right but I am certainly leaning in that direction myself. Keep them coming.
My assumption is a consortium of private capital taking a majority stake of available shares and take advantage of this situation as an extreme risk/reward play and thus taking advantage of a leveraged buyout under their conditions not ex-management.
I'll stick with that theory, regardless, the B/O offer is nowhere near this current range & that is something we can both agree is highly, highly likely.
@Mintmoondog - Thanks for posting this well-thought-out analysis. I think your description of "asymmetric upside for a speculative investment" is spot-on, which is why I'm not selling my shares. I just bought this a couple of weeks ago at 0.075, so I like the way things look right now. GLTA!
This is what happened with SPI a few months ago. They got a notice of delisting, then a week later a institutional company bought out some shares and then boom they went from .25? To 1.50
This is what I like...For all three people to do it on same day seems highly unlikely if not forced to do so.
"Also it was a "sell to cover" of VESTED shares. This is automatic when/if the CEO/Board resigns or if their was a B/O. They may or may not sell their current shares but the vested shares held by the company in a stock option plan must be exercised immediately if they leave the company. SEC required these reports 48 hours after the transaction"
Mint: one question regarding item 7. The initial date is August 31, but don't they have the ability to apply for an extension to reach $1 possibly as far out as Decmeber? Thanks.
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